Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — Q2 2023 Earnings Presentation
17 slides from Newmed Energy Limited Partnership's earnings presentation, Aug 21, 2023
Slide 1: Slide 1
Slide 2: Disclaimer
NA Disclaimer This presentation was prepared by NewMed Energy Limited Partnership (the “Partnership’) and is given to you only for the provision of concise information for the sake of convenience and may not be copied or distributed to any other person. The Data and information included in this pres
Slide 3: Key Highlight
Key Highlight Q BP & ADNOC acquisition offer - Transaction update Q 2-4 quarter production - c. 984MMcf/d (175 Mboe/d), 2.5 BEM Q 24 quarter earnings - $173mm EBITDA / $93mm net profit Q Aphrodite Development plan submitted to the Cypriot Government. A-3 well drilling completed according to timetabl
Slide 4: BP-ADNOC Acquisition Offer
BP -ADNOC Acquisition Offer T tion Updat Q The due diligence process by the BP-ADNOC consortium on NewMed and its assets finalized Q Advanced negotiation ongoing between BP-ADNOC consortium : Q_ Delek - Shareholders agreement Q Independent Committee - engage and negotiate directly
Slide 5: Production Summary
Production Summary. Average Price ($/mmbtu) 6.16 Average Price ($/mmbtu) 6.39 Average Price ($/mmbtu) 6.1 Average Price ($/mmbtu) 6.09 * Production Summary for Leviathan 100%
Slide 6: May-23 Mar-23 Feb-23
0. 20. 40. 60. 80. 100. 120. 140. Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
Slide 7: Mediterranean Sea
Mediterranean Sea a Connecting pipelifle to Jordan. ad Leviathan transmission syétem INGL Ashdod-Ashkelon pipeline EMG pipeline Nitzana Export Route Egypt Platform Arab gas pipeline, connecting LNG site Egypt & Jordan Existing pipeline Under construction and planned pipeline
Slide 8: Leviathan Expansion & Aphrodite Development
NN Leviathan Expansion & Aphrodite Development Q Leviathan Phase 1B Q_ FLNG Pre-FEED process is ongoing and progressing, expected to continue into FEED. Q_ Upstream development planning is progressing in parallel to expanding the regional connectivity export pipelines. Q Export license request submi
Slide 9: Key 2nd Quarter Financial Metrics
Key 2™4 Quarter Financial Metrics (smn Sales EBITDA 283 291 251 207 190 173 168 2 20 20 20 21 2Q 22 20 23 20 20 2021 20 22 20 23 Jrctuding 22% WI in Tamar | excluding Tamar WI EBITDA calculated as Operating profit + Deprecation and Amortization Net Profit 122 121 93 35 2020 2021 20 22 20 23
Slide 10: Change in Net Profit (2nd Quarter and 1st Half)
2nd Quarter Change in Net Profit (6mm) 124 Net profit 20 2022 price per mmbtu change in quantities Net Financeial expense 1st Half Change in Net Profit (smm) 2 Es o 7 Net profit H1 2022 price per mmbtu change in quantities Net Financeial expense operating expense 4 operating expence Tax expense Tax
Slide 11: P&L Summary
>&L Summary smn), Revenues From natural gas and condensate sales Net of royalties Revenues, net Expenses and costs: Cost of production of natural gas and condensate Depreciation, depletion and amortization expenses Other direct expenses G&A Total expenses and costs The Partnership's share in the los
Slide 12: Balance Sheet Summary
Balance Sheet Summary (mm ‘Assets: Current assets: Cash and cash equivalents Short-term investments and deposits Trade receivables Trade and other receivables Current taxes receivable Non-current assets: Investments in oil and gas assets Investments in a company accounted for at equity Long-term dep
Slide 13: Financial Debt
Financial Debt (sooo), 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 ° 30/09/2021 31/12/2021 31/12/2022 31/03/2023 30/06/2023
Slide 14: Dividends
Dividends 2019 * Including latest declared Dividend 2020 Dividend 2021 2022 Tax balancing payment YTD 14
Slide 15: NewMed Energy - IR
Med Energy- IR = Tel. 497299712421 —— = < IR@newmedenergy.com
Slide 16: Slide 16
Slide 17: Leviathan Bond Sponsor Financial Data Report
Leviathan Bond Sponsor FinancialDataReport Total offtake (BCM) and Leviathan Revenue for 100% of the Leviathan partners on an accrual basis. * Excluding buyback of bonds by the sponsor of approximately 109 Million dollars from previous periods. PERIOD ENDED TEM NTITY/ACTUAL AMOUNT (IN USD$ ,000) Tot
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